We previously reported that the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) had quietly extended its Geographic Targeting Orders directed at the luxury residential real estate market for another six
Continue Reading FinCEN Remains Mum on Details Regarding New Geographic Targeting Orders
Breaking from its recent practice of making public announcements about Geographic Targeting Orders, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) last month quietly extended its real estate GTOs for
Continue Reading FinCEN Quietly Extends Real Estate Geographic Targeting Orders for Another Six Months
The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has issued an advisory to alert financial institutions of widespread public corruption in Venezuela and the methods Venezuelan senior political figures and
Continue Reading FinCEN Warns U.S. Financial Institutions of Venezuelan Money Laundering Threat
This article is Part II of a series in which we address the U.S. government’s attempts to combat money laundering in real estate transactions. Part I is available here.
Continue Reading Complying with FinCEN’s Revised GTOs: What Real Estate Professionals Need to Know About Anti-Money Laundering
This article is Part I of a series in which we address the U.S. government’s attempts to combat money laundering in real estate transactions.
This week the Treasury Department’s Financial
Continue Reading FinCEN’s Revised GTOs Expand Real Estate Money Laundering Crackdown to Hawaii, Close “Wire Transfer” Loophole
Today the Financial Crimes Enforcement Network (FinCEN) announced the issuance of revised Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the natural persons behind shell companies
Continue Reading FinCEN Issues Revised Geographic Targeting Orders Focusing on Shell Companies Purchasing Luxury Properties in 7 Major Metropolitan Areas
In a press release touting recent law enforcement success stories based upon Bank Secrecy Act reporting by financial institutions, the Treasury Department’s Financial Crimes Enforcement Network revealed publicly for the
Continue Reading FinCEN Reveals That Geographic Targeting Orders Are Generating Meaningful Intelligence Leading to Money Laundering Prosecutions
The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) announced today that its aggressive efforts to combat money laundering in the luxury real estate market have been extended for an
Continue Reading Crackdown On Money Laundering In Luxury Real Estate Sector Extended for Another Six Months